LONDON PRODUCE MARKETS

Sun (Auckland), Volume II, Issue 556, 8 January 1929, Page 12

LONDON PRODUCE MARKETS

HIGH COMMISSIONER’S REPORT Under date January 5, the High Commissioner for New Zealand stationed in London cabled as follows: Tallow. —Market quiet. A limited demand at auction and no change in prices. Hemp.—Manila: Strong market. Active demand from Japan and America and a scarcity of offers. "J" grade for January-Mareh shipment sold up to £39 10s; closing value. £4O. Output to December 31, 1.400,000 bales against 1,291.000 in the previous year. Sisal: Market firm and sellers holding for JanuaryMarcli shipment at £4l 5s to £4l 10s for No. 3, and £3B 15s to £39 5s for No. 2. Early position at 10s discount. New Zealand: Market quiet, with most interest shown in lower grades. Closed more active. Business has been done in January-February shipments as follows: Highpoints, £36; common, £3l: rejected, £3O; February-April shipments of fair at £34. Oats.—Dull, and consumptive demand slow. English early are. plentiful, choice bold white making 29s 6d to 30s. Plate, for January and February shipments, offered at 23s lid. Chilean, for FebruaryMarch shipment, sold at 24s lid. Nominal value of New Zealand "A" grade Cartons for January-February shipment is 30s. Peas.—Maple: Demand slow. English: In fair supply, best making 53s to 545. Others difficult to sell. New Zealand: New crop for February-March shipment offered at 645, and old crop, ex store, obtainable at 60s. Tasmanian: For Feb-ruary-March shipment, offered at 71s. Blues: Supplies of Japanese and Dutch more than requirements, and prices have a downward tendency. No demand for colonial. Nominal value of New Zealand, ex store, is v £l6 to £l7; Tasmanian. £l7 to £lB a ton. Beans. —Quiet. English old crop winter are scarce and making 50s to 51s. Spring are more plentiful at 52s 6d. Chinese horse afloat nominally quoted at £lO ss, and December-January shipments, £lO 12s 6d. Danish Cocksfoot.—Better demand and market firmer, 75s now being asked for January-February shipment, c.i.f., New Zealand.

DAIRY COY. ACTIVITIES During December the Ruawai Co-oper-ative Dairy Company produced 113 1-6 tons of butter, compared with 772 tons for December, 1927. For the period ending December 31, 1928, the production was 406 tons 17£cwt, as compared with 276| tons to December, 1927. The output of the Northern Wairoa Company’s two factories for December totalled 354& tons, compared with 3325 tons for December of 1927. For the season to the end of December the company has turned out 3,230 tons of butter, compared with 3,322 tons over the corresponding period of last year.